The base spot trading fee on Binance is 0.1% for both Maker and Taker, which drops to 0.075% when paying with BNB. Futures trading has a Maker fee of 0.02% and Taker fee of 0.05%. Understanding the fee structure after registering on the Binance official website can save you significant costs.
This article provides a complete analysis of all Binance fees and the best money-saving strategies.
How Are Spot Trading Fees Calculated?
Spot trading is the most basic trade type, with straightforward fee calculations. Both buyer and seller pay a percentage fee on each completed trade.
Base Rates:
- Maker (limit order) fee: 0.1%
- Taker (market order) fee: 0.1%
Calculation Example:
If you buy 10,000 USDT worth of BTC:
- Fee = 10,000 x 0.1% = 10 USDT
- With BNB discount (25% off) = 10,000 x 0.075% = 7.5 USDT
- Savings: 2.5 USDT
What Are Maker and Taker?
- Maker: You place an order at a set price and wait for someone to fill it. For example, placing a buy order for BTC at 64,500 USDT when the current price is 65,000 USDT
- Taker: You trade instantly at the current market price. For example, clicking "Market Buy"
Generally, Makers provide liquidity to the market and therefore enjoy lower fees.
How Are Futures Trading Fees Calculated?
Futures fees are lower than spot, but because of leverage, the actual fee amount paid can be higher.
USDT-Margined Futures Rates:
| Tier | Maker | Taker | 30-Day Volume Requirement |
|---|---|---|---|
| Regular | 0.02% | 0.05% | - |
| VIP 1 | 0.016% | 0.04% | ≥15M USDT |
| VIP 2 | 0.014% | 0.035% | ≥50M USDT |
| VIP 3 | 0.012% | 0.032% | ≥100M USDT |
Futures Fee Calculation Example:
If you open a 10x leveraged long BTC position with 1,000 USDT margin:
- Actual position value = 1,000 x 10 = 10,000 USDT
- Opening fee (Taker) = 10,000 x 0.05% = 5 USDT
- Closing fee (Taker) = 10,000 x 0.05% = 5 USDT
- Total round-trip fee = 10 USDT
Note: Futures trading also has a funding rate settled every 8 hours, which is not a fee but affects holding costs.
How Are Deposit and Withdrawal Fees Calculated?
Deposits are free — Binance does not charge deposit fees. Withdrawal fees vary by coin and network.
Common Withdrawal Fees:
| Coin | Network | Fee | Minimum Withdrawal |
|---|---|---|---|
| USDT | TRC-20 | 1 USDT | 10 USDT |
| USDT | ERC-20 | 3.5 USDT | 20 USDT |
| USDT | BEP-20 | 0.3 USDT | 10 USDT |
| BTC | Bitcoin | 0.0001 BTC | 0.001 BTC |
| ETH | ERC-20 | 0.00028 ETH | 0.01 ETH |
| BNB | BEP-20 | 0.005 BNB | 0.02 BNB |
Withdrawal fees adjust dynamically based on network congestion. It's best to withdraw when the network is less busy.
You can download the Binance official app, and Apple users can refer to the iOS installation guide to check real-time fees on the withdrawal page.
How to Reduce Binance Fees?
There are multiple methods to lower fees, and combining them can significantly cut trading costs. Here are the five most effective strategies.
Method 1: Pay Fees with BNB
The simplest and most effective approach. Enable "Use BNB to Pay Fees" in your account settings for an instant 25% discount on spot fees.
- How to enable: Settings > Use BNB to Pay Fees > Enable
- Effect: Spot 0.1% → 0.075%
- Requirement: Hold sufficient BNB in your account
Method 2: Upgrade Your VIP Level
Binance assigns VIP levels based on 30-day trading volume and BNB holdings. Higher levels mean lower fees.
- VIP 1 entry: 30-day volume ≥15M USDT or hold ≥25 BNB
- Max VIP 9: Maker as low as 0.011%, Taker as low as 0.023%
Method 3: Use Limit Orders (Maker Orders)
Prefer limit orders over market orders. Maker fees are typically lower than Taker fees, especially in futures.
- Futures Maker: 0.02% vs Taker: 0.05%
- Using limit orders saves 60% in fees
Method 4: Register with a Referral Code
Registering with a referral code grants fee rebates of up to 20%. If you don't have an account yet, find a valid referral code before signing up on the Binance official website.
Method 5: Participate in Fee Promotions
Binance regularly runs fee reduction events:
- New trading pairs often launch with zero-fee promotions
- BTC/USDT and other popular pairs may offer zero Maker fees
- Site-wide fee discounts during special events
How Does Binance Compare to Other Exchanges?
Binance fees are moderately low within the industry. Here's a comparison with major exchanges.
Spot Fee Comparison:
| Exchange | Maker | Taker | After BNB Discount |
|---|---|---|---|
| Binance | 0.10% | 0.10% | 0.075% |
| OKX | 0.08% | 0.10% | - |
| Bybit | 0.10% | 0.10% | - |
| Coinbase | 0.40% | 0.60% | - |
| Kraken | 0.16% | 0.26% | - |
Futures Fee Comparison:
| Exchange | Maker | Taker |
|---|---|---|
| Binance | 0.02% | 0.05% |
| OKX | 0.02% | 0.05% |
| Bybit | 0.01% | 0.06% |
| Bitget | 0.02% | 0.06% |
Overall, Binance's fees are competitive, especially with the BNB discount.
Security Reminders
While keeping an eye on fees, don't neglect trading security:
- Don't use unknown platforms just to save on fees: Low fees can be bait for scam platforms
- Be wary of "zero fee" promises: Legitimate exchanges have transparent fees; unusually low rates may hide charges
- Watch for slippage costs: Market orders may execute at different prices than expected — another hidden cost
- Factor in funding rates for futures: With high leverage, funding rates can far exceed trading fees
- Check fee updates regularly: Exchanges may adjust rates — stay current with announcements
- Avoid unnecessary trades: Every trade costs fees, so avoid over-trading
Are Binance fees fixed?
Not entirely. The base rate is fixed (spot 0.1%), but your actual rate varies based on VIP level, BNB discount, referral rebates, and more. Binance may also adjust rates periodically, such as introducing zero-fee trading pairs.
What currency are fees deducted in?
By default, fees are deducted from the coin you receive. For example, when buying BTC, fees are deducted from the BTC received. If BNB fee payment is enabled, fees are paid in BNB instead. Enabling BNB payment is recommended for better rates.
Does Binance have hidden fees?
Binance's fee structure is publicly transparent with no hidden fees. However, be aware of funding rates in futures, slippage on market orders, and network gas fees for withdrawals — these aren't "hidden fees" but do add to your trading costs.
What does fee rebate mean?
Fee rebates are part of Binance's referral program. When your referred friends trade, a portion of their trading fees is rebated to you. The rebate percentage varies by VIP level, up to a maximum of 40%.
How can I see my total fees paid?
In the Binance app, go to "Transaction History" or "Asset Activity Log" and filter by "Fee" to view your historical fee payments. On web, you can export detailed fee records from "Trade History" for tax calculations.